MARA CEO: AI Power Revenue Surpasses Bitcoin Mining, Will Continue Mining in Low-Cost Energy Regions
Thiel noted that MARA began acquiring sites previously hosting miners from late 2023 to early 2024, and by the end of 2024, will own infrastructure supporting around 70% of its operations. The company will then shift its focus towards energy assets.
MARA has partnered with Starwood to build a platform, aiming for about 1 gigawatt of computing capacity in the near term, and planning for more than 2.5 gigawatts. In July, MARA also agreed to acquire a site in Texas that can access about 2 gigawatts of electricity for digital infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Planet Ventures CEO Etienne Moshevich resigns
India Relaxes Asset Management Rules: Portfolio Management Industry Approved for Overseas Investment and Short Selling Stocks for the First Time
Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.

Waldencast Files to Delist Shares, Warrants From Nasdaq

Verdera Energy Completes Sale of Treeline Uranium Project in New Mexico
